Reporting and Interpreting Stock Investment Performance

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Question: Reporting and Interpreting Stock Investment Performance Kasznik Company began operations on June …
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Kasznik Company began operations on June 15 of the current
calendar year and, by year-end (December 31), had made six stock
investments. Year-end information on these stock investments
follows.

December 31 Cost or Equity Basis (as appropriate) Year-End Fair Value Market Classification
Barth, Inc. $ 68,000 $ 64,900 Trading
Foster, Inc. 162,500 160,000 Trading
McNichols, Inc. 197,000 191,000 Available-for-sale
Patell, Inc. 157,000 154,200 Available-for-sale
Ertimur, Inc. 100,800 102,400 Equity method
Soliman, Inc. 136,400 133,200

Equity method

(d) What total amount of unrealized holding gains or unrealized
holding losses related to investments appear in Kasznik’s income
statement?

(f) What total amount of fair-value adjustment to investments
appears in the December 31, balance sheet?

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